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Foundations of Management Theory

Foundations of Management Theory

Dr. Chiung-hsuan Chiu discusses the foundational theories of management, starting with Adam Smith’s contributions to industrial revolution and division of labor. She explores how Frederick Taylor’s scientific management and the Hawthorne effect shaped human resource theory.

Review and highlight:

  • What were Adam Smith’s key theories and their relevance to management?
  • How did Frederick Taylor contribute to the development of management theory, particularly in relation to division of labor?
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